Forex Signals

Source: ForexYard

The USD posted gains across the board on Friday, following the release of a better than expected US Non-Farm Payrolls figure. The US added 243K jobs in January, a significantly better number than the forecasted 150K. The positive jobs report resulted in the US Unemployment Rate dropping 0.2% to 8.3%, its lowest [...]

Quote of the day:“A sailor without a destination cannot hope for a favorable wind.” ~ Leon Tec Good morning. The market remains rather choppy as rumours and surprises have been the main drivers this week, so it’s not easy to find charts that don’t look the same these days. The euro trades higher across the board [...]

London Gold Market Report
from Ben Traynor
BullionVault
Friday 2 September, 09:00 EDT
U.S. DOLLAR gold prices rose more than 2% following the start of trade in London on Friday, breaching $1878 per ounce following the publication of weak US jobs data
Nonfarm payroll data published at 8.30am New York time showed the US economy added no jobs in August [...]

By ForexYard
Most significant on today’s calendar will be the US publication of its Non-Farm Payrolls (NFP) data. Should today’s news foreshadow a modest growth in the largest economy’s employment sector, an assessment that seemed nigh impossible just days ago, there is a possibility that more investment will get pushed towards the storage ability of the [...]

This is economic data released after the month ends, first Friday of next month. Job creation is an important leading indicator of consumer spending, which accounts for a majority of overall economic activity of the country; 
Last month job gains occurred in professional and business services, health care, and mining. In manufacturing sector, Employment continued growth. [...]

Today there is no market analysis or focus on the individual currency pairs as ALL eyes are on the US Non-Farm Payrolls report at 8:30AM EST.   The report is expected to show a gain of 190K jobs, with a change in private payrolls of 216K.  The unemployment rate is expected to remainb steady at 8.9%.
This [...]

Price action on EUR/USD (a daily chart of which is shown) as of Friday (3/04/2011) shot up to hit key resistance at 1.4000 on the Non-Farm Payrolls report before quickly retreating back down in a swift whipsaw move. The fact that the highly significant 1.4000 psychological level could not be substantially breached as of yet [...]

Source: ForexYard
A day prior to the US Non-Farm Employment Change report, ECB President Jean-Claude Trichet set the stage for the first European interest rate increase since the financial crisis.
Economic News
USD – US Dollar Gains on Weekly Unemployment Data
A significant drop in weekly US unemployment claims helped spur dollar gains versus the [...]

Source: ForexYard
The euro came off its recent highs following dovish ECB comments and strong employment data from the US. If yesterday’s economic data is any hint of today’s payroll numbers, the dollar rally may prove to have legs.
Economic News
USD – Dollar Mixed After Strong US Economic Data
The greenback did not [...]

Bad weather kept 707,000 Americans from work during survey week, Bloomberg reports.
UPDATE: The 707,000 would not be added to payrolls, it relates to the household survey which is used to calculate the unemployment rate.
December revised to +121000 from +103,000. November 93,000 from 71,000.
A total mishmash…One survey shows obvious improvement while the other looks like it [...]